FrontLine Compliance Consultants

• Lori A. Cole, Senior Consultant
• Chae K. Yi, Senior Consultant
• Nancy S. Kline, Senior Consultant
• Patricia A. Janda, CSCP, Senior Consultant
• Kathleen A. McCarthy, Senior Compliance Analyst

Lori A. Cole, Senior Consultant

Lori Cole specializes in investment adviser and hedge fund compliance matters.
 

Ms. Cole has worked in the investment management industry for 18 years. Most recently, she was the Vice President of Compliance for Avenue Capital, one of the world's largest hedge funds. Prior to Avenue Capital, she was a Vice President in the compliance department at AllianceBernstein, a multi-billion dollar mutual fund complex, where she worked on compliance matters for 12 years. She was also previously an Assistant Vice President at Jennison Associates, where she managed the entire compliance department for the large advisory conglomerate.
 

Ms. Cole is experienced in developing, implementing, monitoring and testing compliance programs for investment advisers, mutual fund complexes, and hedge funds. She has a strong foundation in fixed-income securities including the US Treasury markets, corporate bonds, emerging markets and high yield and distressed markets. Ms. Cole has a broad range of compliance experience with expertise in policies and procedures, registrations and filings, codes of ethics, employee and firm trading reviews, forensic testing, conducting annual compliance reviews, advertising and marketing reviews, and in preparing for SEC regulatory audits. Additionally, she is proficient in a number of complex trading and client management compliance systems.
 

Ms. Cole is a member of the National Society of Compliance Professionals and the Hedge Fund Compliance Officers Working Group. She received a B.S. in Business Administration with a major in Finance from Dowling College.
 

Chae K. Yi, Senior Consultant

Chae Yi specializes in broker-dealer and investment adviser compliance matters.
 

Mr. Yi has over 11 years of regulatory compliance experience in the securities industry. He began his career at FINRA (formerly NASD) where he spent eight years working initially as a Senior Regulatory Analyst in the Market Regulation Department and then as a Special Investigator in the Enforcement Department. While at FINRA, he planned and conducted numerous reviews and investigations of fraudulent and manipulative trading activity in fixed income and equity securities. He also worked on several high profile investigations concerning broker-dealers' practices of IPO spinning, fee-based brokerage accounts, and private placements. After FINRA, Mr. Yi served as a Compliance Manager for two affiliated registered investment advisers, Lydian Wealth Management, LLC and Fortigent, LLC. There he was responsible for the investment adviser compliance of both firms, including compliance responsibilities for the firms' proprietary hedge funds. Mr. Yi also was a Vice President of regulatory compliance with FBR Capital Markets, a full service investment banking firm, and most recently, he served as a Compliance Manager with Edelman Financial Services, LLC, a registered investment adviser.
 

Mr. Yi has completed FINRA Enforcement's Regulatory Training Program and has taken various courses toward the FINRA Institute/Wharton School CRCP Program. He has passed both the Series 7 and 24 examinations and earned a B.S. in Finance at George Mason University.
 

Nancy S. Kline, Senior Consultant

Nancy Kline specializes in broker-dealer compliance matters.
 

Ms. Kline has over 20 years of regulatory compliance experience in the securities industry. Earlier in her career, she spent 11 years at FINRA (formerly NASD), holding a variety of roles in Member Regulation, Market Regulation and Internal Audit. At FINRA, Ms. Kline managed and conducted numerous audits, examinations and investigations. These included risk-based financial and operational examinations of broker-dealers and their branch offices, investigations of insider trading and stock manipulation of NASDAQ securities, and planning routine and ad hoc operational reviews of FINRA or NASDAQ functions or operational areas. Most recently, she was Senior Vice President in the compliance department with FBR Capital Markets, a full service investment banking firm. While at FBR, she managed staff responsible for regulatory inquiries and examinations, continuing education, licensing and registration, new hire orientation, e-communication surveillance, copyright, and advertising and sales literature. Additionally, she implemented a state-of-the-art e-communication surveillance system and developed accompanying processes and guidelines to ensure all employee communications remained compliant with federal, regulatory, and corporate policies and regulations.
 

Ms. Kline has particular experience in creating policies and procedures, developing and implementing compliance and training programs, conducting operational internal audits, monitoring trading activity, and translating compliance requirements and regulations for business line managers and technical teams.
 

Ms. Kline received an MBA in International Business Finance from George Washington University and a B.A. in Economics from Randolph-Macon Woman’s College. She has passed the Series 4, 7, 24, 53, and 55 examinations.
 

Patricia A. Janda, CSCP, Senior Consultant

Pat Janda specializes in investment adviser, broker-dealer and mutual fund compliance matters.
 

Ms. Janda has over 20 years of regulatory compliance experience in the securities industry. With the SEC’s Chicago Regional Office for eight years, Ms. Janda excelled as a Senior Staff Accountant conducting numerous examinations of investment advisers and investment companies. She also served as a Team Leader at the SEC, performing specialized reviews of variable insurance products. Following the SEC, Ms. Janda spent 12 years at Wachovia Securities LLC (now Wells Fargo Advisors LLC), a full-service broker-dealer and investment adviser, where she was a Vice President of Compliance. She served as a product compliance liaison for Wachovia's multi-billion wrap-fee advisory programs, as well as its financial planning services, insurance products and other financial products. At Wachovia, she developed and implemented compliance policies and procedures, conducted compliance training, participated in and coordinated regulatory exams, performed mock SEC exams, maintained the firm’s Form ADV, and participated in technology enhancement initiatives. Ms. Janda most recently served as a Director of Compliance for INTECH Investment Management LLC, a SEC registered investment adviser. Among her responsibilities, she supervised and directed the firm's portfolio compliance activities, managing the firm’s use of the Charles River Database (CRD) system. Ms. Janda began her career at Arthur Andersen & Co., where she was a Senior Auditor in its Financial Services Division.
 

Ms. Janda received a M.S. in Financial Markets and Trading from Illinois Institute of Technology and a B.S. in Organizational Behavior and Personnel and an Accounting Certificate from Northwestern University. She has earned the Certified Securities Compliance Professional (CSCP) designation and has obtained a CPA certificate. She has also passed the Series 7, 9, 10 and 24 examinations.
 

Kathleen A. McCarthy, Senior Compliance Analyst

Kathleen McCarthy specializes in regulatory research, broker-dealer and investment banking compliance matters.
 

Ms. McCarthy has over 25 years of experience, beginning her career at NYSE Regulation (now FINRA) in Member Regulation and later moving to Market Surveillance. As a Senior Supervisory Analyst, Ms. McCarthy planned and conducted numerous multi-SRO, high profile specialized investigations, including market manipulation and insider trading. She also planned and executed sales practice exams and operational reviews of compliance functions, and taught internal courses for NYSE staff.
 

Ms. McCarthy later served as an officer and Vice President of Corporate Compliance for Bankers Trust (now Deutsche Bank) and managed its Employee Trading & Activities and Trade Pre-Clearance Departments. She designed compliance policies, wrote procedure manuals, conducted business unit training, and worked extensively to improve the firm’s Chinese Wall policies. Most recently, Ms. McCarthy was an officer and Vice President with Morgan Stanley, where she revised numerous departmental compliance manuals, including the firm’s Code of Conduct and Code of Ethics. She also managed reviews of employee trading and other activities, redesigned trade pre-clearance policy and process, and participated in numerous global compliance projects initiatives that resulted in uniformity of procedures.
 

Ms. McCarthy is especially experienced in regulatory research, coaching and mentoring staff, compliance training, and creating policies and procedures which are teachable and manageable.
 

In addition to her B.A., Ms. McCarthy earned an MBA from Pace University and has completed numerous New York Institute of Finance (NYIF) courses.